US EditionTrump Declines To Take Sides, For Now, In Netflix And Paramount Pursuit Of Warner Bros.: “None Of Them Are Particularly Great Friends Of Mine”
Trump is assessing market share and antitrust concerns as the Justice Department reviews two competing bids valued over $80 billion for Warner Bros. Discovery.
- On Monday, President Donald Trump said he is withholding judgment on whether Paramount Skydance's hostile bid or Netflix's deal for Warner Bros. Discovery should prevail at a White House briefing.
- Paramount launched a direct-to-shareholders hostile takeover to challenge Netflix's bid for Warner Bros. Discovery, dropping an all-cash tender offer on Monday morning.
- According to filings, the tender priced at $30 per share values Paramount's enterprise at $108.4 billion, backed by $11.8 billion from the Ellison family, $24 billion from three Gulf sovereign wealth funds, and $1 billion from Tencent.
- The administration will review the Netflix–WBD transaction, with Trump saying he will participate while Kushner's firm Affinity Partners backs the Paramount bid, though Trump has not spoken with Kushner about it.
- Despite friendship with the Ellisons, Trump said he is withholding judgment on Paramount and Netflix's bids, citing recent criticisms over a '60 Minutes' segment, after Sarandos visited last week.
13 Articles
13 Articles
Trump Not Picking Sides in Netflix-Paramount War over Warner Bros.: ‘None of Them Are Particularly Great Friends of Mine’
President Donald Trump is refusing to pick a side in the escalating bidding war between Paramount Skydance and Netflix to purchase Warner Bros. Discovery. The post Trump Not Picking Sides in Netflix-Paramount War over Warner Bros.: ‘None of Them Are Particularly Great Friends of Mine’ appeared first on Breitbart.
Trump Declines Picking Side in Netflix and Paramount's WBD Fight: 'None of Them Are Particularly Great Friends of Mine'
Donald Trump danced around naming a favorite company in the ongoing battle for Warner Bros. Discovery on Monday, hours after Paramount made a hostile takeover bid to conquer Netflix’s current deal. The president avoided picking a side in Hollywood’s latest M&A war while speaking with reporters at The White House, where he claimed neither Netflix nor Paramount were “great friends of mine.” “I don’t know enough about it,” Trump said amid reports t…
Trump Declines to Pick a Side in Netflix vs. Paramount Battle for Warner Bros.: ‘None of Them Are Particularly Great Friends of Mine’
President Donald Trump said he's withholding judgment about whether Paramount Skydance's hostile bid for Warner Bros. Discovery or Netflix's deal with WBD should prevail.
9:15 PM Deep-pocketed tech giants, the Gulf States, and the inevitable Donald Trump: the battle between Netflix and the billionaire Ellison family over the acquisition of the media conglomerate Warner Bros. Discovery is...
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